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Dec 19, 2012
12/12
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so you have china engineering a soft landing and starting to recover. you have europe away from the brink. greece got upgraded today. who would have thought it. that is what the market is looking at. saying okay. it is not going to be the worst kcase sharcenario, but you coul extend the middle class tax cuts and be done with it. it is in a recession. >> and i think the market would not like that very much. everybody is expecting that you get the middle class tax cuts done. >> and if you can get china and europe doing better. it is hard to be terribly bearish on the u.s. >> y are going to stay with our politico expert. this is a rally that has surprised experts. it hasn't been that easy to be optimistic. >> it is. i think you have to be cautious here. the probability that this could fall apart is very, very real. >> so, you have to be careful up at these levels as a trader. i have low exposure up here. i have protection. that is how you have to play this market. stay with us please. >> yesterday it looked like washington was inching towards a deal. but t
so you have china engineering a soft landing and starting to recover. you have europe away from the brink. greece got upgraded today. who would have thought it. that is what the market is looking at. saying okay. it is not going to be the worst kcase sharcenario, but you coul extend the middle class tax cuts and be done with it. it is in a recession. >> and i think the market would not like that very much. everybody is expecting that you get the middle class tax cuts done. >> and if...
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111
Dec 19, 2012
12/12
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>> what you heard out of china, a government official in china said last month, he was quoted until saying, if we continue bi bailing these companies out in china, it's giving a patient poison to quench their thirst. you had a bailout of sun tech, a bailout of another chinese company and you've had multiple bailouts since then. you have massive oversupply in this market. you need companies to go out of business. what china is doing, they are coming in and bachling them out. thus this capacity that needs to be reduced is continuing to grow. so, we think capacity in china is going to row. you have much more supply than the demand. we continue to see price pressure. >> gordon, one of your competitors, i think tend of november, has a $50 price target on the stock. mentioned their cash flow. i'm not asking you to talk about their call but can you talk about their cash flow? do they have a healthy situation? >> that's a good point. where the projects they have, they will have the cash. but once the projects are over, if you look at first solar's earnings over the past four quarters, quarters whe
>> what you heard out of china, a government official in china said last month, he was quoted until saying, if we continue bi bailing these companies out in china, it's giving a patient poison to quench their thirst. you had a bailout of sun tech, a bailout of another chinese company and you've had multiple bailouts since then. you have massive oversupply in this market. you need companies to go out of business. what china is doing, they are coming in and bachling them out. thus this...
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156
Dec 19, 2012
12/12
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CNBC
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because i think that the analogy i made in terms of china, everybody is mad at china for selling our movies and music, but yet for an individual, you don't have that kind of right. you own the picture, you took it. >> intellectual property. >> facebook owns instagram. do you think this was a shocker? >> i know those guys, they're really intelligent, they typically try to do things the right way and this one apparently got a little away from them. >> we were talking for a long time, we have been talking for a lock time about retailers going out of business bought of dot comes. what's new here? >> the share of retail done by the online players just keeps expanding in the key categories. basically everything other than what you consume, grocery and drug, is the online guys are getting more and more share. the retail pie is only so big. online guys extend their share of the pie, the part left for the physical guys, it shrinks and they've got such high fixed cost structures that they can't survive that. and so, the logical implication for a lot of these really historically successful reta
because i think that the analogy i made in terms of china, everybody is mad at china for selling our movies and music, but yet for an individual, you don't have that kind of right. you own the picture, you took it. >> intellectual property. >> facebook owns instagram. do you think this was a shocker? >> i know those guys, they're really intelligent, they typically try to do things the right way and this one apparently got a little away from them. >> we were talking for a...
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Dec 19, 2012
12/12
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the problem is in countries like china and india, mexico, and other places? nonetheless, how many people in this body know that this president has done through his executive powers, he spent $68.4 billion on global warming initiatives in the four years he's been president. that is without any authority from this body. nonetheless, he's got more in this. here we have this somewhere down here in the red, we have that. here's another one, $150 million. i was listening to my good friend, senator begich, from alaska. i have a great deal of respect for him. he and i have worked on legislation together like the pilots' bill of rights and others. nonetheless fisheries in alaska are significant but they were not on the east coast. the last time i looked at a map, that was on the west coast. not the east coast. it should not be in here. then we go on to the fiscal cliff. we're all here. put the other chart up on the fiscal cliff. we're talking about this fiscal cliff that's here. all of a sudden we have to do something about it. how many people realize that we knew thi
the problem is in countries like china and india, mexico, and other places? nonetheless, how many people in this body know that this president has done through his executive powers, he spent $68.4 billion on global warming initiatives in the four years he's been president. that is without any authority from this body. nonetheless, he's got more in this. here we have this somewhere down here in the red, we have that. here's another one, $150 million. i was listening to my good friend, senator...
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187
Dec 19, 2012
12/12
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i think growth in china's accelera accelerating. the stock market might be the most undervalued in the world. the stock market entirely could be under valued. how many short sellers told you to do the opposite and sell that market? after the steam roller it's been of late, what exactly are the short sellers saying now? i don't know, i'm not hearing them clearly. i'm not listening. i'm not, no, i'm not hearing. europe and china both were supposed to slip into oblivion in 2012. that was the easiest story, everybody wrote it. turned out two fabulous places to invest. how about this housing market? most common worry, the dreaded shadow inventory. oh, the shadow inventory. >> the house of pain. >> so many banks and so many homes said the books could never recover. wasn't that the narrative? now, where are we? the shadow inventory turned out. the banks that were thought to be a ton of shadow inventory in the books, i hope they have some because they've been the hottest stocks around. especially bank of america, up more than 100% for the y
i think growth in china's accelera accelerating. the stock market might be the most undervalued in the world. the stock market entirely could be under valued. how many short sellers told you to do the opposite and sell that market? after the steam roller it's been of late, what exactly are the short sellers saying now? i don't know, i'm not hearing them clearly. i'm not listening. i'm not, no, i'm not hearing. europe and china both were supposed to slip into oblivion in 2012. that was the...
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682
Dec 19, 2012
12/12
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WMAR
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in china, people are actually selling their possessions. and the weirdest part is they're not selling them to us for a change. one chinese man even designed a survival pod. this is one of the pods, they're made of steel and fiberglass. they have oxygen tanks and rations on the inside. the inventor says they can hold 14 people comfortably or roughly three american people comfortably. [ laughter ] you can even ram it with a trick if you choose to. didn't one of those kill luke skywalker? you buy one of these pods, you might survive the end of the world. but since it is made in china, you will also die of lead poisoning. we have quite the program tonight. we have muse africa grammy nominee ed sheeran. [ cheers and applause ] his debut album went twofold platinum in the uk. samuel l. jackson and the cast of "jersey shore" are back today. [ cheers and applause ] i think they're here to promote their new movie "snooki's on a plane." i hope you can read lips, because most of tonight's show will be bleeped. nothing but jaeger bombs and "f" bombs. i
in china, people are actually selling their possessions. and the weirdest part is they're not selling them to us for a change. one chinese man even designed a survival pod. this is one of the pods, they're made of steel and fiberglass. they have oxygen tanks and rations on the inside. the inventor says they can hold 14 people comfortably or roughly three american people comfortably. [ laughter ] you can even ram it with a trick if you choose to. didn't one of those kill luke skywalker? you buy...